Ethernet Switch Market

Ethernet Switch Market Research, 2031

The global ethernet switch market was valued at $17.2 billion in 2021, and is projected to reach $26.1 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

Ethernet switch is a multiport network switch or a LAN switch that connects all the computer networking devices together on a computer. It forwards the data only to its destination port where it is required unlike Ethernet hubs, which forward the data to all the ports irrespective of the requirement. The industrial-grade Ethernet switches are particularly designed for connecting the devices in industrial network environments that are subject to extreme operating temperatures of -40°C to 75°C, shocks, and vibrations. Such type of Ethernet switches find applications in industrial and factory automation; rail and intelligent transportation systems (ITSs); marine; and oil and gas sectors.

The ethernet switch market has been severely impacted by the outbreak of the COVID-19 pandemic. With governments of several nations imposing and extending lockdowns, production and manufacturing facilities across the globe have been shut down, owing crisis and unavailability of workforce. Considering the inputs from various industry experts belonging to the various stages of the value chain, such as OEMs, suppliers, integrators, end users, and distributors, and the financial release of various companies in the ethernet switch ecosystem, it is calculated that the market has experienced a decline during 2019–2020. Furthermore, the outbreak of the pandemic has disrupted the global supply chain, thereby creating significant gap in supply chain. Economic impact of the pandemic has been disruptive. Key players operating in the ethernet switch industry temporarily witnessed a slowdown, owing to lack of availability of skilled professional to develop ethernet switch market solutions, which has led to decline in revenues for the financial year 2020 to 2021. However, it is expected that the market will recover from 2021 and remain in the growth stage during the forecast period.

The ethernet switch market is segmented into Type, Configuration and Speed.

By type, the market is divided into modular ethernet switches and fixed configuration ethernet switches. The fixed configuration ethernet switches segment was the highest revenue contributor to the market in 2021.

The configuration segment is divided into unmanaged, smart, managed L2, managed L3, and divided. The managed L3 segment was the highest revenue contributor to the market in 2021.

By speed, the market is analyzed across 1G, 10 G, 25 G, 40 G, 100 G, and others. The 1G segment was the highest revenue contributor to the market in 2021.

Region-wise, the Ethernet switch market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Nordic, Russia, Poland, Benelux and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Factors such as increase in adoption of Ethernet switches due to their benefits and rise in need to ensure efficiency in communication infrastructure in the automotive & transport environment significantly drive the growth of the Ethernet switch industry. In addition, rise in application of Ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities, fuels the market growth. However, the technological complexity involved in Ethernet switches that makes it vulnerable toward security attacks is anticipated to restrain the market growth. On the contrary, factors such as emergence of Industry 4.0 is anticipated to provide lucrative opportunities for the market growth. In addition, emergence of connected vehicles in the automotive & transportation industry is expected to be opportunistic for the growth of the ethernet switch market during the forecast period.

Significant factors that impact the growth of Ethernet switch market size include rise in application of Ethernet switch in industrial infrastructures, such as smart grid, intelligent rail & traffic, security & surveillance, and other utilities. Moreover, rapid adoption of industrial Ethernet switches due to its benefits is expected to drive the market opportunity. However, the technological complexity involved in Ethernet switches that make it vulnerable towards security attacks might hamper the ethernet switch market growth. On the contrary, emergence of connected vehicles in the automotive & transportation industry is offering potential growth opportunity for the Ethernet switch market share during the forecast period.

The key players in the Ethernet switch industry profiled in the report include, Alcatel-Lucent Enterprise International, Allied Telesis, Inc., Arista, Belden Inc., Black Box Network Services, Broadcom, Cisco Systems Inc., Dell Inc., H3C, Hewlett Packard Enterprise Development LP, HUAWEI, Intel Corp., Juniper Networks, Moxa Inc., Siemens, TRENDnet, Inc., and Advantech Co., Ltd. are provided in this report.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ethernet switch market analysis from 2021 to 2031 to identify the prevailing ethernet switch market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the ethernet switch market outlook assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global ethernet switch market trends, key players, market segments, application areas, ethernet switch market forecast and market growth strategies.

 Ethernet Switch Market Report Highlights